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Property profile & analytics
OFF-MARKET
Office Units

1518 Gramercy Pl Los Angeles, CA 90019

7,200 SF Built 1933
Property ID
US10-0486985
Property summary
AI-generated overview

This stunning 7,200-square-foot creative office building, situated on a spacious 13,000-square-foot lot, is a fully renovated 1933 Art Deco masterpiece. Originally designed by architect David Carthage Coleman, this unique property boasts a captivating blend of historic charm and modern convenience. Features include a 3,000-square-foot assembly hall with 20-foot ceilings and eight large stained-glass windows, a 1,900-square-foot banquet hall complete with a new designer kitchen, three en-suite bedrooms, a stage, and a powder room. Five offices are available, including two private 230-square-foot offices with en-suite baths and garden access. A 700-square-foot apartment with a separate entrance, one bedroom, one bath, kitchen, and large living room is also included. Modern amenities are abundant, encompassing fully updated electrical, plumbing, HVAC, and telecommunications systems (including four 5-ton heating/cooling units, a tankless water heater, and a hot water recirculation system), and high-speed internet (up to 1200 Mbps) from Spectrum. Exterior features include re-envisioned landscaping, a circular driveway with two automatic gates, and parking for 6-8 cars. Thoughtfully preserved historic elements include 22 stained-glass windows, an original stage, refinished oak and maple floors, and restored original tiles. The property is zoned LAR4 and features LED lighting throughout, new wall insulation, and custom tile in offices and the primary bath. This exceptional property offers a unique and adaptable space in a prime, quiet location. The building is single-tenant and vacant.

Property profile
Verified
Property type Office Units
Year built 1933
Total area 7,200 SF
UPID US10-0486985
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Church of Divine Guidance Church
  • Oiqz Health Corporate Office
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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